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India’s Supreme Court issues RBI transparency ultimatum

The Supreme Court of India has issued the country’s central bank a fresh rebuke, demanding it comply with an earlier ruling under the Right to Information Act.

The dispute concerns the Reserve Bank of India’s disclosure policy relating to potentially sensitive documents gathered during the course of its banking supervision. The RBI had argued it did not need to disclose all information being sought under the RTI Act because of its “fiduciary relationship” with banks and the general “economic